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Sunday, 19 July 09
JINDAL S&P IN TALKS TO BUY SA COAL MINE FOR RS 350-400 CR (US$ 80 - 90 MILLION)
 Economic Times reported that, Naveen Jindal-led Jindal Steel & Power (JSPL) is acquiring a thermal coal mine in South Africa, a top company executive said. The mine has reserves of more than 50 million tonne of thermal coal, which is mainly used in power generation. Though the deal size could not be ascertained, mining experts feel it could be between Rs 350-400 crore depending on the quality and grade. JSPL has interests in steel, power and mining.
“We have acquired a partially operational coal mine, which has proven reserves of around 30 million tonne. If explored further, total reserves could surpass 50 million tonne,” JSPL CEO Vikrant Gujral said. The mine was acquired from South African mining firm ESF, which has more thermal coal mines in its portfolio. The transaction is likely to be funded through a mix of debt and internal accruals.
The acquired thermal coal mine will enable JSPL to secure long term raw material requirement of its proposed power plant in Chhattisgarh while providing an option to sell the surplus coal through open access at spot prices. JSPL’s team in South Africa has already started identifying areas in the mine that have not been explored yet.
Jindal Power, a wholly owned subsidiary of JSPL, is setting up a 1,000-mw thermal power plant at Raigarh in Chhattisgarh with an investment of over Rs 4,500 crore. The parent company already owns open cast coal mines at Raigarh, which have reserves of around 100 million tonne. The mines meet coal requirement of the company’s existing captive power plant in Raigarh.
Several Indian steel firms, including JSPL, have been seeking coal assets in countries such as Canada, South Africa and Indonesia for the past several years due to lack of high quality coal in India. In 2007-08, India imported about 50 million tonnes of coal. The Planning Commission has estimated that demand-supply mismatch in coal may reach 200 million tonne by 2012, increasing country’s import-dependence
Source: Economic Times
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Tuesday, 21 July 09
NEWCASTLE COAL EXPORTS FALL 5%, SHIP QUEUE INCREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, fell 5 per ...
Tuesday, 21 July 09
FIRST QUARTER COAL MARKET AND EURACOAL'S OUTLOOK FOR THE FUTURE
Euracoal reports that for the first time in many years, the world market for hard coal fell by some 8 % during the first quarter 2009. This latest E ...
Monday, 20 July 09
CHINAS COAL DEMAND, OUTPUT TO PICK UP IN H2 - GROUP 2
Financial24 reported that, China's coal demand is expected to gradually pick up in the second half of the year, and coal output will likely grow fa ...
Monday, 20 July 09
ADANI POWER LAUNCHES IPO, AIMS HIGHER CAPACITY
Economic Times reported that, Adani Power Ltd, a power project development company, promoted by Adani Enterprise went for an initial public offering ...
Monday, 20 July 09
BANPU'S SECOND-HALF PROFIT MAY DROP ON COAL PRICES
Bloomberg Reported that, Banpu Pcl, Thailand’s biggest coal producer, expects profit to decline in the second half from the first six months a ...
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- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Ind-Barath Power Infra Limited - India
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- GMR Energy Limited - India
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- PTC India Limited - India
- Chettinad Cement Corporation Ltd - India
- Kepco SPC Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- Miang Besar Coal Terminal - Indonesia
- Anglo American - United Kingdom
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- Ministry of Mines - Canada
- Parliament of New Zealand
- Malabar Cements Ltd - India
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Bharathi Cement Corporation - India
- Kaltim Prima Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Savvy Resources Ltd - HongKong
- TNB Fuel Sdn Bhd - Malaysia
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Africa Commodities Group - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Makarim & Taira - Indonesia
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
- Bhushan Steel Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Wilmar Investment Holdings
- Manunggal Multi Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
- PowerSource Philippines DevCo
- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- Sojitz Corporation - Japan
- Eastern Coal Council - USA
- The Treasury - Australian Government
- SMC Global Power, Philippines
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- Jaiprakash Power Ventures ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- Indo Tambangraya Megah - Indonesia
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- Bukit Baiduri Energy - Indonesia
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- Carbofer General Trading SA - India
- Orica Australia Pty. Ltd.
- Planning Commission, India
- Thai Mozambique Logistica
- Posco Energy - South Korea
- European Bulk Services B.V. - Netherlands
- Sakthi Sugars Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- White Energy Company Limited
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- Barasentosa Lestari - Indonesia
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- Salva Resources Pvt Ltd - India
- VISA Power Limited - India
- Energy Development Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- Goldman Sachs - Singapore
- Independent Power Producers Association of India
- Energy Link Ltd, New Zealand
- Siam City Cement - Thailand
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Indian Energy Exchange, India
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
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